It’s International Women’s Day – A Look at Why Women are Crucial to Successful Business Structures

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While the need for diverse workplaces has gained attention in recent years as a general concept, studies show that the presence of women in decision-making business positions is particularly beneficial for the bottom line across industries.
According to The New York Times, female inclusion in corporate offices is directly correlated with increased profitability. In fact, an increase in women from zero to 30 percent would be associated with a 15 percent rise in profitability at most businesses.
Based on such findings, one can deduce that inclusion of women in top positions leads to greater profitability and effectiveness. However, these findings tend to not correlate with the current number of women in leadership positions. According to The New York Times,

  • Of 22,000 publicly traded companies surveyed, only 40% have women on company boards
  • Less than 50% included women in executive positions
  • Female chief executives were included in less than 5% of these organizations

When considering the issue of diversity and inclusion, employers are wise to take into consideration candidates from all cultures and perspectives. To not do so can have a negative effect on the bottom line, productivity, new ideas and products, and overall business success.

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